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$15 Mil Funds Office Building, Retail Centers

FARMINGTON HILLS, MI-Lutz Capital arranges an $11-million loan to buy an office building as well as a flex building, $1.9 million to refinance a strip mall and $2 million for a 15-year lease with an office supply retailer.

By Robert Carr | Updated on August 17, 2001

FARMINGTON HILLS, MI-The Lutz Capital Corp. has arranged an $11-million loan for the acquisition of a 60,000-sf, single-tenant office building and a 41,000-sf single-tenant flex building. New King LLC and Anchor Court LLC, respectively, obtained the financing provided by LaSalle Bank of Chicago.

Lutz also arranged $1.9 million in refinancing for a 30,000-sf CVS-anchored retail strip center in Milvindale, MI. The borrower is SLB Limited Partnership and the lender is Republic Bank of Ann Arbor.

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